PAY & COMPENSATION

 

Payroll earnings up 11 percent.

By CPA Trendlines Research

A bit up here, a bit down there is the story for January employment figures, the most recent data available. Professional and business services saw little change, total nonfarm payroll employment rose by 143,000 and the national unemployment rate ticked down to 4.0 percent.

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There are 1,144,700 people employed in the accounting profession as of January, up 600 for the month but down 9,500 or 0.8 percent for the year. They average 35 hours, down 6 minutes for the month and 1 hour or 2.8 percent for the year. They earn $42.79, up 12 cents for the month and $1.58 or 3.8 percent for the year.
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Want to retain employees? Here’s one way.

By Beth Bellor

More money. That’s what the latest data show for the accounting profession.

The final jobs report of 2024 saw the accounting profession’s numbers slip a bit, but the bodies in those seats were pulling down record earnings. Employees in the profession overall, at CPA firms and non-staff in payroll services saw their highest hourly wages ever.

MORE: Survey Says 57% of Firms Are Raising Prices Next Year | How Accounting Firms Are Handling the Staff Shortage | More Big Firms Shut Their Doors to New College Grads | Seven Enticements to Keep Talent On Board | Despite Staffing Crunch, Firms Freeze Pay Raises
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And about time! We heard the call for better compensation in the most recent Rosenberg National Survey of CPA Firm Statistics.
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